ActivisionDelisting
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Another gaming company delisting threat
Activision isn't just having problems with game resolutions, their accounting department is also coming up short. Taking a page from Take-Two's book, Activision now faces NASDAQ delisting. According to the SEC, Activision is late in releasing their quarterly statements. The 10-Q forms, required to be submitted 40 days after the end of the fiscal quarter, are now a full week overdue (they were due on November 9th) with no scheduled completion date in sight. Activision's response mirrors Take-Two's; they are looking into their stock option practice. What gives with all the stock option problems? From an accounting standpoint, keeping track of stock options is incredibly simple; the transactions are covered in intermediate level college courses and are a part of the CPA exam. Who are Activision and Take-Two hiring to run the books these days and will that reflect on what we can expect these two companies to produce on the gaming front? These accounting issues are just another indication of the company's abilities to come up short.
